
Musk has already been a heavy seller of Tesla around present levels in recent months, but if he has to bail out SpaceX financially, he may consider selling even more of his substantial Tesla stock holdings, recently estimated at around 17.63% of outstanding shares, to raise liquid capital. Musk recently hinted at a possible bankruptcy risk for SpaceX because of a lack of progress on engines that created a "genuine risk of bankruptcy … if we cannot achieve a Starship flight rate of at least once every two weeks next year.” Tesla Chief Executive Officer Elon Musk has a number of other ventures, including SpaceX, which could indirectly affect the price of Tesla’s stock. Investors also need to consider whether they’ll get a better return on 10 shares of Rivian or one share of Tesla. While both stocks have a positive outlook for future appreciation, Rivian’s stock price could appreciate considerably more than Tesla’s in percentage terms because its stock was just offered for sale to the public. In contrast, Rivian only recently offered shares to the public, and its stock trades at ⅒ the price of Tesla stock.
Tesla has been able to deliver a record number of electrical vehicles in the face of a global pandemic and economic recession in 2020.Although plans plans to open a factory in Germany have been delayed, Tesla has a relatively new manufacturing plant in Shanghai, China and is geared up to grow in 2021. Tesla has shipped more than 139,000 electric vehicles in the third quarter of 2020.
From self-driving cars to sustainable and economic energy reserves for your home, Tesla is always ahead of the curve when it comes to innovation. That’s more than General Motors and Ford combined. As of March 2020, Tesla is valued at a market capitalization of $627.29 billion. Tesla is the first automobile company to go public since Ford in 1956. If you had invested $1,700 on 100 shares of TSLA stock during its initial public offering in 2010, you would have made $63,300 profit on the stock at current market prices. According to a CNBC report, Elon Musk has increased his net worth by $140 billion, due in large part to the 650% rise in TSLA stock. The highly volatile stock price of Tesla gives investors a fair chance to sink their teeth into its stock without burning a hole in their pockets. Whether through email, phone or in person, we're here to help you get the customer service you deserve. Our customer service representatives will be happy to assist you in any way. If you need help with any aspect of the buying process, please don't hesitate to ask us. We Welcome Your Feedback and Commentsĭo you have questions or comments for us? We'd love to hear them! Fill out the form and we will get back to you as soon as possible. You may also contact us and let us know what vehicle you are searching for and we can look for you. Please visit us again soon and try searching again. We refresh our inventory multiple times throughout the day. You can contact us to find what you’re looking for. You might have accidentally typed the wrong information in the keyword search. The search criteria you are using may be too specific. The vehicle may have been recently sold or removed from our inventory. Comments: No Vehicle Results Found We’re sorry - but there are no vehicles in our inventory matching your search criteria.